Lilly looks to sell about $8B of debt to fund acquisitions
The move comes as Lilly has embarked on a spree of large acquisitions, including two of its most-expensive transactions ever.
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Spirit airlines seeks to start orderly wind-down to sell assets
The airline is seeking to modify a bankruptcy loan to have the necessary funding to proceed with the sale of its assets, which include aircrafts and spare engines and parts.
Budget airlines ask White House for $2.5B relief plan, report says
Budget airlines are banding together to ask the Trump administration for financial assistance to help combat increasing jet fuel prices in exchange for warrants that would give the government the right to purchase equity stakes in the carriers, people familiar with the discussions said.
OpenAI breaks free from exclusive AI pact with Microsoft
Monday’s agreement clears the way to OpenAI’s models appearing on Amazon Web Services and other cloud-computing providers.
Insurers balk at Trump’s plan to cover obesity drugs in Medicare
Health insurers are raising questions about the Trump administration’s plan to cover obesity drugs in Medicare next year.
Banks rejected by Supreme Court in municipal bond price-fixing case
The U.S. Supreme Court refused to block a class action lawsuit that seeks billions of dollars from Bank of America Corp., JPMorgan Chase & Co. and other financial institutions.
Google faces mass arbitration as advertisers seek billions of dollars
The mass arbitration is tied to the company’s online search and advertising technology businesses, which courts have ruled were illegal monopolies.
US government pitches gamers a career as air traffic controllers
The U.S. Federal Aviation Administration and Transportation Department launched a campaign Friday targeting video gamers for the job. The tag line: “It’s not a Game. It’s a Career.”
Starbucks dangles $1,200 bonuses for fast, friendly baristas
Starbucks is looking for a jolt after slow service and a focus on to-go orders resulted in stagnant sales.
Toyota sales dip as automakers brace for Iran impact
While the world’s biggest carmaker has held steady despite a global slowdown in EV demand and the cost of US tariffs on cars and parts, the bigger test for the auto industry will be the degree of disruption from the Middle East conflict.
Meta faces $310B market value drop on legal, AI concerns
Shares of the Facebook and Instagram parent are down 19% this month going into this week, putting them on pace for their worst performance since October 2022.
Credit problems jump after sports betting is legalized, Fed study finds
Since the 2018 Supreme Court decision that allowed states to legalize sports betting, Americans have wagered more than $520 billion on sports, researchers estimated.
Obesity drug trials complicated by placebo patients leaving early
The companies developing new weight-loss medicines have a problem: People who don’t lose weight quickly figure out they were assigned to take a placebo and are bailing out of their clinical trials.
Lilly’s experimental diabetes shot yields record weight loss in study
The late-stage results handily beat earlier trials of the company’s diabetes blockbuster Mounjaro, which racked up sales of $23 billion in 2025.
War spurs US backup fertilizer push before planting season
The Trump administration has moved to locate backup sources of fertilizers for American farmers at the start of the planting season after the Iran war shut down a key source of supply.
Honda warns of historic annual loss on global EV downturn
The carmaker’s strategy rethink will see it cancel the development and launch of three EV models that had been planned for North America, it said Thursday.
Generic Ozempic could cost less than $3 a month, study shows
Generic Ozempic is set to emerge in major markets from India and Brazil to China and Canada this year, reshaping the sector in those countries.
Soaring power prices have US politicians searching for solutions
President Trump wants the companies to sign pledges committing to foot the power bill for energy-hungry data centers, which are blamed for driving up electricity costs.
Bessent says Trump’s tariff hike to 15% likely coming this week
President Trump last month put a 10% universal levy in place after the Supreme Court invalidated most of his previous tariff regime.
Live Nation’s antitrust trial kicks off before federal jury
The largest U.S. venue owner and ticket seller faces claims by the U.S. Justice Department and more than three dozen states that it is illegally monopolizing the live music industry and should be forced to shed its Ticketmaster unit.